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Why your team members dont have linkedin profile? Will this be an IEO ? You should click on team member image on http://illuminates.org/ and you'll have a popup with detailed information about team member and a link on his Linkedin account. Sincerely yours, Illuminates team Hi, when you exactly plan to start the bounty? Hi there, today till the end of the day we will setup it. We're working on it to make it not just "free tokens" for some useless activities. Our tokens have real USD value even now, so there will not be any "airdrops". From other side we're glad to said that for everyone who really want to earn good and help us to bring the most valuable and useful project for real each day use on market - then its your chance cause nears 5 mo we will pay more in tokens then it will be when the token will be listed on exchanges. We will make an announcement in this group the same moment we will setup the Bounty program. Sincerely yours, Illuminates team
Hi, when you exactly plan to start the bounty?
Hi dear Illuminates community!
Glad to share with you our first Illuminates platform client for STO: EV Electra It was fully done via Illuminates SaaS for startups, was used next things:
Now it takes 4 days to run the project, cause we make additional features regarding client needs, testings, and at the end it could be done within only few hours by any person without any IT knowledge. Price for setting up project is only 399 LUM tokens now (one time payment) and 399 LUM/month. (399$ and 399$/mo will be fixed price in USD, because later it will cost less in tokens). Also for all startups will be a possibility to not make payments for 3,4 or 5 months and only after this time period, they'll have a choice to cover payments for these months or to stop the campaign if it wasn't successful. So we reduce the risks and costs in IT part for founders on this stage and helping them to concentrate their investments for legal needs, PR, marketing, and token sale. On this stage it was paid in fiat because we didn't start the token sale yet, but it will gives users an ability to see what kind of product we can give for our clients and see that its a really workable product. Looking forward for your questions and comments. Sincerely yours, Illuminates team. What's the current stage of the project? Will it be tokensale? Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.Until start the crowdfunding campaign we plan to have in 2-3 weeks first parts: 1) solution for ICO/STO (website, smartcotract, membership area for investors, referrals, bonuses, one pager etc) ; (Version 1.0) 2) creation of tokenized portfolio for investment funds; (Beta Version 1.0) 3) solutions for conferences(to sell tickets, pitching, stands, etc); (Beta Version 1.0) 4) news channels and websites (to sell articles placements, other advertisements); (Beta Version 1.0) 5) crypto wallet for payments; (Beta) 6) basic version of social networks with integrated payments in tokens; (MVP) 7) decentralized exchange (Beta) In 5-6 weeks: 8 ) Freelance (create job offers with payments in crypto/fiat, bounty type and non profitable type; (MVP) 9) Solution to start your Startup Incubator (MVP) + UI/UX unstoppable updates from lines 1-7. Thats a plan what we're going to do until start the token and equity sale campaign. Cause we want to give a workable product before to sell any 1st token. It means you really could spend your tokens from Day1 and receive real crevices (IT SaaS products or to pay commissions, or even hire some one off freelance basis). Why your team members dont have linkedin profile? Will this be an IEO ? Almost all of them have it for sure, on the illuminates.org website not all things are done now, we updating it few times a week, we will add links on their accounts, agree that it is important questions cause a lot of projects have fake teams and team members. All our team its one team sitting in one office and we worked together on a lot of different startups of our clients before and they are listed there as blockchain/web developers. So links will be added today, or the lates tomorrow. About Initial Exchange Offering (IEO). For sure we have an understanding that its good way to sell tokens. We now working on this questions. On Tuesday (April, 16th) our CEO & founder Volodymyr Malyshkin have assigned call with founder of https://www.globalfuneralcare.org/, cause he already did big research about different offers from different exchanges which provide such service. Regarding final information we will have an understanding when we will list our token for IEO and will we do it or it will be unnecessary. As was defined from the first touch the restive IEO process needs not small amount of money to start cause if you want to deal and pay only % of token sale (as cash back for exchange) then you can deal only with small/no names ones. It means - this will brings no result. From other side medium and large exchanges need from you prepayment as Deposit and its between 5-25 BTC depend of exchange + also for sure % of token sale (about 10% from investments). About http://binance.com also on Tuesday we will discuss the procedure about how to setup the IEO there, but from now it seems that they take high commission from token sale and from equity (startup shares). So now we will finalize first what rules will be if we will go that way. Cause now without first token sales or Shares sale we not able to handle $100 000 just for listing and wait a luck to be invested (or not, or almost, or perfect, or ect). It's stupid. Thats not how real business should make strategic decisions. We already have real workable product and for us will be better to invest it in the real Illuminates SaaS products continuous development and PR/sales activities with standard token sale - cause it will bring real community, clients and revenues.
Why your team members dont have linkedin profile? Will this be an IEO ?
Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday Do you filter out the clients you will accept or you will accept anyone for as long as they can pay? The main goal of the project - create ecosystem where is your reputation will be more expensive then profits that user will receive from frauds. If you will loose your reputation, there is no chance in future to create new account with "clear" reputatuion again. So first of all - to create your ICO, you need to register and complete special KYC and AML procedure. All this information, received after KYC procedure will be hashed and hash will be saved, so there is no chance that you will complete KYC twice using same information. After that, founder will got to complete special agreement with Illuminates platform, and define project soft cap (if project wouldn't reach soft cap, all invested funds will be returned to backers). Project owners will receive special instruments to creating financial and technical reports about project stance and this reports in future will be obligated. Besides that we will control projects spendings, after fudnraising, and if we will find some suspicious activity, like for example creating order on our freelance exchange for development (will be included in next releases) and picking specific developer who takes 100k for 1 hour of work, gathere fund would be blocked on the smart contract. Another level of security - judges system. There will be special cotegory of users - judges. To became one of them user first of all will need to proof his/her expertise on illuminates freelance exchange. Judges will have a chances to rate the project risking their reputation, but receiving benefits for doing this. Additional there is will be special tournaments, you can read about that in current version of whitepaper. We tried consider all possible problems and make our platform as transparent as possible. We are also look forward to receive feedback from our community, what's will allow us to update, expand and make our platform even safer. Looks like a centralized system, Controlling project spending after fundraising? So basically you control all ICO Projects that is launch using your platform? Basically the spendings will be under Smartcontract control only before the official company registration and approval from regulator for crypto-fiat transactions. The rule will be when on Seed stage project SoftCap reached - first obligatory requirement will be official registration of company in selected jurisdiction. Such services will be provided on platform by validated lawyers. Founder should to choose this service provider before the crowdfunding launch. The legal company wallet will be added on the stage of the smart contract creation and the moment when soft cap will be reached needed amount for legal entity registration for (ICO) and license/regulator approval (for STO) will be automatically send to the Layers. After they will sign the confirmed status of approbation from regulator - founder will receive access to the money from investments. Founder could choose the law companies from registered on a platform, or even brings his own law company to the platform and after validation use their services. Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday Do you filter out the clients you will accept or you will accept anyone for as long as they can pay? The main goal of the project - create ecosystem where is your reputation will be more expensive then profits that user will receive from frauds. If you will loose your reputation, there is no chance in future to create new account with "clear" reputatuion again. So first of all - to create your ICO, you need to register and complete special KYC and AML procedure. All this information, received after KYC procedure will be hashed and hash will be saved, so there is no chance that you will complete KYC twice using same information. After that, founder will got to complete special agreement with Illuminates platform, and define project soft cap (if project wouldn't reach soft cap, all invested funds will be returned to backers). Project owners will receive special instruments to creating financial and technical reports about project stance and this reports in future will be obligated. Besides that we will control projects spendings, after fudnraising, and if we will find some suspicious activity, like for example creating order on our freelance exchange for development (will be included in next releases) and picking specific developer who takes 100k for 1 hour of work, gathere fund would be blocked on the smart contract. Another level of security - judges system. There will be special cotegory of users - judges. To became one of them user first of all will need to proof his/her expertise on illuminates freelance exchange. Judges will have a chances to rate the project risking their reputation, but receiving benefits for doing this. Additional there is will be special tournaments, you can read about that in current version of whitepaper. We tried consider all possible problems and make our platform as transparent as possible. We are also look forward to receive feedback from our community, what's will allow us to update, expand and make our platform even safer. Looks like a centralized system, Controlling project spending after fundraising? So basically you control all ICO Projects that is launch using your platform? Do you plan additional emission of tokens? No there will not be any additional emission/-s. Also we declare that from each SaaS earnings or commission on Illuminates platform we will burn 10% of Lumen (LUM) tokens from this payment forever. This process will be on smart contacts side and absolutely clear and without our ability to make changes in the model of this process. All financial smart contracts we will public listed to ensure everyone that its the truth. So token emission could only decrease. Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday Do you filter out the clients you will accept or you will accept anyone for as long as they can pay? The main goal of the project - create ecosystem where is your reputation will be more expensive then profits that user will receive from frauds. If you will loose your reputation, there is no chance in future to create new account with "clear" reputatuion again. So first of all - to create your ICO, you need to register and complete special KYC and AML procedure. All this information, received after KYC procedure will be hashed and hash will be saved, so there is no chance that you will complete KYC twice using same information. After that, founder will got to complete special agreement with Illuminates platform, and define project soft cap (if project wouldn't reach soft cap, all invested funds will be returned to backers). Project owners will receive special instruments to creating financial and technical reports about project stance and this reports in future will be obligated. Besides that we will control projects spendings, after fudnraising, and if we will find some suspicious activity, like for example creating order on our freelance exchange for development (will be included in next releases) and picking specific developer who takes 100k for 1 hour of work, gathere fund would be blocked on the smart contract. Another level of security - judges system. There will be special cotegory of users - judges. To became one of them user first of all will need to proof his/her expertise on illuminates freelance exchange. Judges will have a chances to rate the project risking their reputation, but receiving benefits for doing this. Additional there is will be special tournaments, you can read about that in current version of whitepaper. We tried consider all possible problems and make our platform as transparent as possible. We are also look forward to receive feedback from our community, what's will allow us to update, expand and make our platform even safer.
Do you plan additional emission of tokens?
When do you plan to start bounty? The bounty campaign will start this week, and will include few unusual tasks. What's the current stage of the project? Will it be tokensale? Currently we are working on finalizing our MVP. As soon as we will release it, we will anounce the first round of token sale.Now ICO scammers will have a new options for turnkey ICO project that they can launch everyday Didn't look at it from such point of view, but yeah sounds like it either will be scam free or only scammers would be there. Do you filter out the clients you will accept or you will accept anyone for as long as they can pay? Jump to:
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